Closing Bell Recap: Utz Brands Inc (UTZ) Ends at 16.67, Reflecting a -3.08 Downturn

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Utz Brands Inc (NYSE: UTZ) closed the day trading at $16.67 down -3.08% from the previous closing price of $17.20. In other words, the price has decreased by -$3.08 from its previous closing price. On the day, 0.74 million shares were traded. UTZ stock price reached its highest trading level at $17.535 during the session, while it also had its lowest trading level at $16.555.

Ratios:

For a better understanding of UTZ, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 78.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.69. In the meantime, Its Debt-to-Equity ratio is 1.28 whereas as Long-Term Debt/Eq ratio is at 1.23.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on March 14, 2024, Upgraded its rating to Buy and sets its target price to $22 from $19 previously.

On March 01, 2024, DA Davidson started tracking the stock assigning a Neutral rating and target price of $20.

On January 03, 2024, Needham started tracking the stock assigning a Buy rating and target price of $20.Needham initiated its Buy rating on January 03, 2024, with a $20 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 06 ’24 when Stewart Pamela J bought 895 shares for $16.81 per share. The transaction valued at 15,045 led to the insider holds 27,971 shares of the business.

Lindeman Bruce John bought 4,000 shares of UTZ for $64,440 on Aug 05 ’24. The Director now owns 42,480 shares after completing the transaction at $16.11 per share. On May 23 ’24, another insider, Choi Christina, who serves as the Director of the company, sold 3,160 shares for $17.98 each. As a result, the insider received 56,817 and left with 29,740 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UTZ now has a Market Capitalization of 1375776768 and an Enterprise Value of 2909688064. As of this moment, Utz’s Price-to-Earnings (P/E) ratio for their current fiscal year is 473.58, and their Forward P/E ratio for the next fiscal year is 19.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 23.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 2.04 whereas that against EBITDA is 23.739.

Stock Price History:

Over the past 52 weeks, UTZ has reached a high of $20.00, while it has fallen to a 52-week low of $11.15. The 50-Day Moving Average of the stock is -2.99%, while the 200-Day Moving Average is calculated to be -4.16%.

Shares Statistics:

Over the past 3-months, UTZ traded about 822.61K shares per day on average, while over the past 10 days, UTZ traded about 629360 shares per day. A total of 81.19M shares are outstanding, with a floating share count of 66.99M. Insiders hold about 18.83% of the company’s shares, while institutions hold 90.86% stake in the company. Shares short for UTZ as of 1726185600 were 6700422 with a Short Ratio of 8.15, compared to 1723680000 on 5529130. Therefore, it implies a Short% of Shares Outstanding of 6700422 and a Short% of Float of 9.3.

Dividends & Splits

UTZ’s forward annual dividend rate is 0.23, up from 0.232 a year ago. Against a Trailing Annual Dividend Yield of 0.013488371

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